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Industry looks to Gulf of Mexico Lease Sale 253 for signs of offshore resurgence

6 hours ago DieselGasoil Comments Off on Industry looks to Gulf of Mexico Lease Sale 253 for signs of offshore resurgence
Highlights Total 2019 sales should exceed 2018 totals: BOEM Recent operators’ optimism for US Gulf remains high Crude holding above $50/b breakeven Houston — The oil and gas industry will be closely watching this week’s US Gulf of Mexico lease sale to determine if lower oil prices will slow the renewed optimism in offshore projects, Read More

Private US E&P operators finding innovative ways to lower costs: execs

7 hours ago DieselGasoil Comments Off on Private US E&P operators finding innovative ways to lower costs: execs
Houston — Private US exploration and production companies are typically smaller in resources and staff than their larger rivals, but what they lack in size they often make up for in lower unit costs, according to executives. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now One reason is that Read More

WeWork to test IPO investor appetite with widening losses

5 days ago DieselGasoil Comments Off on WeWork to test IPO investor appetite with widening losses
(Reuters) – WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses, as it prepares for an initial public offering as early as next month. The IPO, which could raise several billion dollars, will be a key test of investor appetite for fast-growing, Read More

Guyana isn’t ready for its pending oil riches, but ExxonMobil is

7 days ago DieselGasoil Comments Off on Guyana isn’t ready for its pending oil riches, but ExxonMobil is
By Kevin Crowley on 8/13/2019 HOUSTON (Bloomberg Markets) – This tiny nation on the north coast of South America is about to become the world’s newest petrostate—and potentially the richest. In 2015, ExxonMobil made what one of its executives described as a “fairy tale” discovery in the vast Stabroek exploration block off the Guyanese coast. Read More

Corridor Announces Second Quarter Results

1 week ago DieselGasoil Comments Off on Corridor Announces Second Quarter Results
HALIFAX, Nova Scotia, Aug. 12, 2019 (GLOBE NEWSWIRE) — Corridor Resources Inc. (“Corridor”)(TSX – CDH) announced today its second quarter financial results. The following table provides a summary of Corridor’s financial and operating results for the three and six months ended June 30, 2019, with comparisons to the three and six months ended June 30, Read More

ClearStream Announces Second Quarter 2019 Results

1 week ago DieselGasoil Comments Off on ClearStream Announces Second Quarter 2019 Results
CALGARY, Alberta, Aug. 12, 2019 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) today announced its results for the three and six months ended June 30, 2019. All amounts are in Canadian dollars and expressed in thousands of dollars unless otherwise noted. “EBITDAS” and “Adjusted EBITDAS” are not standard measures Read More